diff --git a/CHANGELOG.md b/CHANGELOG.md
index b4ab1925415..a3ab8c82922 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,7 @@
+# cuGraph 23.02.00 (Date TBD)
+
+Please see https://github.com/rapidsai/cugraph/releases/tag/v23.02.00a for the latest changes to this development branch.
+
 # cuGraph 22.12.00 (Date TBD)
 
 Please see https://github.com/rapidsai/cugraph/releases/tag/v22.12.00a for the latest changes to this development branch.
diff --git a/ci/benchmark/build.sh b/ci/benchmark/build.sh
index 601ff7dd668..00bf527681f 100644
--- a/ci/benchmark/build.sh
+++ b/ci/benchmark/build.sh
@@ -48,7 +48,7 @@ export DATASETS_DIR=${WORKSPACE}/datasets
 export BENCHMARKS_DIR=${WORKSPACE}/benchmarks
 
 # ucx-py version
-export UCX_PY_VERSION='0.29.*'
+export UCX_PY_VERSION='0.30.*'
 
 ##########################################
 # Environment Setup                      #
diff --git a/ci/cpu/build.sh b/ci/cpu/build.sh
index a1d1a39e03a..ce2d9e2504d 100644
--- a/ci/cpu/build.sh
+++ b/ci/cpu/build.sh
@@ -34,7 +34,7 @@ export CMAKE_GENERATOR="Ninja"
 export CONDA_BLD_DIR="${WORKSPACE}/.conda-bld"
 
 # ucx-py version
-export UCX_PY_VERSION='0.29.*'
+export UCX_PY_VERSION='0.30.*'
 
 # Whether to keep `dask/label/dev` channel in the env. If INSTALL_DASK_MAIN=0,
 # `dask/label/dev` channel is removed.
diff --git a/ci/gpu/build.sh b/ci/gpu/build.sh
index e5e251a3ab5..9910f3e80c1 100644
--- a/ci/gpu/build.sh
+++ b/ci/gpu/build.sh
@@ -41,7 +41,7 @@ export MINOR_VERSION=`echo $GIT_DESCRIBE_TAG | grep -o -E '([0-9]+\.[0-9]+)'`
 unset GIT_DESCRIBE_TAG
 
 # ucx-py version
-export UCX_PY_VERSION='0.29.*'
+export UCX_PY_VERSION='0.30.*'
 
 # Whether to keep `dask/label/dev` channel in the env. If INSTALL_DASK_MAIN=0,
 # `dask/label/dev` channel is removed.
diff --git a/conda/environments/cugraph_dev_cuda11.2.yml b/conda/environments/cugraph_dev_cuda11.2.yml
index 99b77c88884..ee0f4773e7c 100644
--- a/conda/environments/cugraph_dev_cuda11.2.yml
+++ b/conda/environments/cugraph_dev_cuda11.2.yml
@@ -8,21 +8,21 @@ dependencies:
 - c-compiler
 - cxx-compiler
 - cudatoolkit=11.2
-- libcugraphops=22.12.*
-- cudf=22.12.*
-- libcudf=22.12.*
-- rmm=22.12.*
-- librmm=22.12.*
-- libraft-headers=22.12.*
-- raft-dask=22.12.*
-- pylibraft=22.12.*
+- libcugraphops=23.02.*
+- cudf=23.02.*
+- libcudf=23.02.*
+- rmm=23.02.*
+- librmm=23.02.*
+- libraft-headers=23.02.*
+- raft-dask=23.02.*
+- pylibraft=23.02.*
 - cuda-python>=11.7.1,<12.0
-- dask-cuda=22.12.*
-- dask-cudf=22.12.*
+- dask-cuda=23.02.*
+- dask-cudf=23.02.*
 - dask>=2022.9.2
 - distributed>=2022.9.2
 - nccl>=2.9.9
-- ucx-py=0.29.*
+- ucx-py=0.30.*
 - ucx-proc=*=gpu
 - scipy
 - networkx>=2.5.1
diff --git a/conda/environments/cugraph_dev_cuda11.4.yml b/conda/environments/cugraph_dev_cuda11.4.yml
index 6f0a5db3cc8..0ad60b9ea02 100644
--- a/conda/environments/cugraph_dev_cuda11.4.yml
+++ b/conda/environments/cugraph_dev_cuda11.4.yml
@@ -8,21 +8,21 @@ dependencies:
 - c-compiler
 - cxx-compiler
 - cudatoolkit=11.4
-- libcugraphops=22.12.*
-- cudf=22.12.*
-- libcudf=22.12.*
-- rmm=22.12.*
-- librmm=22.12.*
-- libraft-headers=22.12.*
-- raft-dask=22.12.*
-- pylibraft=22.12.*
+- libcugraphops=23.02.*
+- cudf=23.02.*
+- libcudf=23.02.*
+- rmm=23.02.*
+- librmm=23.02.*
+- libraft-headers=23.02.*
+- raft-dask=23.02.*
+- pylibraft=23.02.*
 - cuda-python>=11.7.1,<12.0
-- dask-cuda=22.12.*
-- dask-cudf=22.12.*
+- dask-cuda=23.02.*
+- dask-cudf=23.02.*
 - dask>=2022.9.2
 - distributed>=2022.9.2
 - nccl>=2.9.9
-- ucx-py=0.29.*
+- ucx-py=0.30.*
 - ucx-proc=*=gpu
 - scipy
 - networkx>=2.5.1
diff --git a/conda/environments/cugraph_dev_cuda11.5.yml b/conda/environments/cugraph_dev_cuda11.5.yml
index 1fc87d68b35..8e23add1171 100644
--- a/conda/environments/cugraph_dev_cuda11.5.yml
+++ b/conda/environments/cugraph_dev_cuda11.5.yml
@@ -8,21 +8,21 @@ dependencies:
 - c-compiler
 - cxx-compiler
 - cudatoolkit=11.5
-- libcugraphops=22.12.*
-- cudf=22.12.*
-- libcudf=22.12.*
-- rmm=22.12.*
-- librmm=22.12.*
-- libraft-headers=22.12.*
-- raft-dask=22.12.*
-- pylibraft=22.12.*
+- libcugraphops=23.02.*
+- cudf=23.02.*
+- libcudf=23.02.*
+- rmm=23.02.*
+- librmm=23.02.*
+- libraft-headers=23.02.*
+- raft-dask=23.02.*
+- pylibraft=23.02.*
 - cuda-python>=11.7.1,<12.0
-- dask-cuda=22.12.*
-- dask-cudf=22.12.*
+- dask-cuda=23.02.*
+- dask-cudf=23.02.*
 - dask>=2022.9.2
 - distributed>=2022.9.2
 - nccl>=2.9.9
-- ucx-py=0.29.*
+- ucx-py=0.30.*
 - ucx-proc=*=gpu
 - scipy
 - networkx>=2.5.1
diff --git a/cpp/CMakeLists.txt b/cpp/CMakeLists.txt
index 2911be3046e..504a5e70385 100644
--- a/cpp/CMakeLists.txt
+++ b/cpp/CMakeLists.txt
@@ -25,7 +25,7 @@ include(rapids-find)
 
 rapids_cuda_init_architectures(CUGRAPH)
 
-project(CUGRAPH VERSION 22.12.00 LANGUAGES C CXX CUDA)
+project(CUGRAPH VERSION 23.02.00 LANGUAGES C CXX CUDA)
 
 if(CMAKE_CUDA_COMPILER_ID STREQUAL "NVIDIA" AND
    CMAKE_CUDA_COMPILER_VERSION VERSION_LESS 11.0)
diff --git a/cpp/doxygen/Doxyfile b/cpp/doxygen/Doxyfile
index 02d86cdea85..7307b34c520 100644
--- a/cpp/doxygen/Doxyfile
+++ b/cpp/doxygen/Doxyfile
@@ -38,7 +38,7 @@ PROJECT_NAME           = "libcugraph"
 # could be handy for archiving the generated documentation or if some version
 # control system is used.
 
-PROJECT_NUMBER=22.12
+PROJECT_NUMBER=23.02
 
 # Using the PROJECT_BRIEF tag one can provide an optional one line description
 # for a project that appears at the top of each page and should give viewer a
diff --git a/cpp/libcugraph_etl/CMakeLists.txt b/cpp/libcugraph_etl/CMakeLists.txt
index 3723998025b..22dceaff47c 100644
--- a/cpp/libcugraph_etl/CMakeLists.txt
+++ b/cpp/libcugraph_etl/CMakeLists.txt
@@ -25,7 +25,7 @@ include(rapids-find)
 
 rapids_cuda_init_architectures(CUGRAPH_ETL)
 
-project(CUGRAPH_ETL VERSION 22.12.00 LANGUAGES C CXX CUDA)
+project(CUGRAPH_ETL VERSION 23.02.00 LANGUAGES C CXX CUDA)
 
 if(CMAKE_CUDA_COMPILER_ID STREQUAL "NVIDIA" AND
    CMAKE_CUDA_COMPILER_VERSION VERSION_LESS 11.0)
diff --git a/docs/cugraph/source/conf.py b/docs/cugraph/source/conf.py
index e0552e3d785..a9e3e2d6cfa 100644
--- a/docs/cugraph/source/conf.py
+++ b/docs/cugraph/source/conf.py
@@ -81,9 +81,9 @@
 # built documents.
 #
 # The short X.Y version.
-version = '22.12'
+version = '23.02'
 # The full version, including alpha/beta/rc tags.
-release = '22.12.00'
+release = '23.02.00'
 
 # The language for content autogenerated by Sphinx. Refer to documentation
 # for a list of supported languages.
diff --git a/fetch_rapids.cmake b/fetch_rapids.cmake
index fcbdeef163e..dc4d08265f5 100644
--- a/fetch_rapids.cmake
+++ b/fetch_rapids.cmake
@@ -12,7 +12,7 @@
 # the License.
 # =============================================================================
 if(NOT EXISTS ${CMAKE_CURRENT_BINARY_DIR}/CUGRAPH_RAPIDS.cmake)
-  file(DOWNLOAD https://raw.githubusercontent.com/rapidsai/rapids-cmake/branch-22.12/RAPIDS.cmake
+  file(DOWNLOAD https://raw.githubusercontent.com/rapidsai/rapids-cmake/branch-23.02/RAPIDS.cmake
        ${CMAKE_CURRENT_BINARY_DIR}/CUGRAPH_RAPIDS.cmake
   )
 endif()
diff --git a/python/cugraph/CMakeLists.txt b/python/cugraph/CMakeLists.txt
index c08d157a0e5..469a1c7b98a 100644
--- a/python/cugraph/CMakeLists.txt
+++ b/python/cugraph/CMakeLists.txt
@@ -14,7 +14,7 @@
 
 cmake_minimum_required(VERSION 3.23.1 FATAL_ERROR)
 
-set(cugraph_version 22.12.00)
+set(cugraph_version 23.02.00)
 
 include(../../fetch_rapids.cmake)
 
diff --git a/python/pylibcugraph/CMakeLists.txt b/python/pylibcugraph/CMakeLists.txt
index 6e32faa567a..f53719da76c 100644
--- a/python/pylibcugraph/CMakeLists.txt
+++ b/python/pylibcugraph/CMakeLists.txt
@@ -14,7 +14,7 @@
 
 cmake_minimum_required(VERSION 3.23.1 FATAL_ERROR)
 
-set(pylibcugraph_version 22.12.00)
+set(pylibcugraph_version 23.02.00)
 
 include(../../fetch_rapids.cmake)